Active Listing  ·  112 days on market

237 Driftwood Ln

Bastrop, TX 78602
$325,000
4 Bed 3 Bath 2,344 sqft $139/sqft Built 2021 0.15 acres 2-Car Garage Pool Pecan Park

This beautifully maintained 2,275sqft home offers 4 bedrooms, 2.5 bathrooms, a spacious loft perfect for a playroom or home office. Situated on a premium lot the property features a double gate with room for RV, boat, or trailer parking. The backyard is the perfect space for entertaining or relaxing year-round. Complete with a custom full-length concrete patio and 20’x12’ cedar gazebo which offers a metal roof, gutters, and string lights.

Additional upgrades include permanent exterior lighting, a whole-home water softener, in-wall pest control system, custom blinds, dog door, stainless steel refrigerator, XL capacity washer, and dryer.

Enjoy an active lifestyle with community amenities including a pool with on-site attendant, playground, golf-cart-friendly streets, scenic walking trails, and access to the Colorado River. Conveniently located within walking distance of Walmart, directly across from H-E-B Plus!, and just minutes from Lake Bastrop, downtown Bastrop, shopping, Tesla, and Austin. This home offers the perfect blend of comfort and convenience.

At $139/sqft, this home is 38% below the Bastrop active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

237 Driftwood Ln, Bastrop, TX 78602

Property Details

Price $325,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,344 sqft
Lot Size 0.15 acres (6,577.56 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Pecan Park
County Bastrop
Zip Code 78602
$/sqft $139/sqft
Days on Market ,
HOA $150/Quarterly
Annual Tax Est. $6,643.6
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236819947
List Date June 18, 2026
Elementary School Mina
Middle School Bastrop
High School Bastrop
School District ,

Luke Allen (TREC #788149) has deep knowledge of Bastrop and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Bastrop

Comparable Listings Right Now

Homes currently for sale in Bastrop with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
119 Mercer St
Pecan Park Sec 7
$319,000 $208 3 bd / 2 ba 1,535 sqft , 2025-12-05
223 Tributary Way
Pecan Park
$315,000 $205 3 bd / 2 ba 1,535 sqft , 2026-08-27
228 Baron Creek Trl
Pecan Park Sec 2
$338,000 $145 4 bd / 3 ba 2,328 sqft , 2026-08-19
410 S Hunting Lodge Ln
Hunters Crossing Sec Three
$339,900 $193 4 bd / 3 ba 1,760 sqft , 2026-06-30
409 S. Hunting Lodge Ln
Hunters Crossing Section 3-E, Block A, Lot 5,
$347,000 $206 4 bd / 2 ba 1,688 sqft , 2026-06-07

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,560/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$65,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,560
Principal + Interest−$1,774
Property Tax (~2.1% TX avg)−$569
Insurance (~0.5%)−$135
Est. Monthly Cash Flow $-918

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Bastrop, TX

Bastrop sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 13, 2026.

📞 (254) 718-2567 [email protected] More about Luke →